Watertown Savings Bank in Watertown, New York (NY)
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| Watertown Savings Bank | |
|---|---|
| General | FDIC Certificate #: 15990 Status: Active Federal Reserve ID: 298218 Date Established: January 01, 1894 WWW: http://www.watertownsavingsbank.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 10 (Domestic: 10, Interstate: No) FDIC's unique #: 10221 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: July 31, 2010 Last Structure Change Process Date: September 29, 2010 Last Data Update: September 29, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 111 Clinton Street, Watertown, NY 13601 County: Jefferson Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Syracuse Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Core Based Statistical Area (CBSA): Watertown-Fort Drum, NY (#48060) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $453.9 mil Equity capital: $61.0 mil Deposits held in domestic offices: $389.7 mil Return on assets (ROA): 0.87% ($3.9 mil) Quarterly return on assets: 0.70% ($3.2 mil) Return on Equity (ROE): 6.59% ($4.0 mil) Quarterly return on equity: 5.25% ($3.2 mil) Net income: $3.9 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.26% ($5,719.2 mil) Quarterly Pretax return on assets: 1.04% ($4,720.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 106 |
| Total assets | $453,902 |
| Cash and due from depository institutions | $42,240 |
| Interest-bearing balances | $30,429 |
| Securities | $103,545 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $254,250 |
| Loan loss allowance | $2,580 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,505 |
| Other real estate owned | $470 |
| Goodwill and other intangibles | $13,302 |
| All other assets | $22,590 |
| Life insurance assets | $453,902 |
| Total liabilities and capital | $392,875 |
| Total liabilities | $389,675 |
| Total deposits | $284,231 |
| Interest-bearing deposits | $389,675 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,200 |
| All other liabilities | $61,027 |
| Total equity capital | $61,027 |
| Total bank equity capital | $61,027 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $8,504 |
| Undivided profits | $52,523 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $11,392 |
| Earning assets | $186 |
| Long-term assets (5+ years) | $1,408 |
| Average Assets, year-to-date | $388,224 |
| Average Assets, quarterly | $137,780 |
| Volatile liabilities | $445,047 |
| Insider loans | $453,309 |
| FHLB advances | $372,961 |
| Loans and leases held for sale | $434,426 |
| Unused loan commitments | $12,351 |
| Tier 1 (core) risk-based capital | $10,976 |
| Tier 2 risk-based capital | $47,686 |
| Total risk weighted assets | $0 |
| Total unused commitments | $1,375 |
| Restructured Loans and leases | $48,988 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $16,493 |
| Total interest expense | $2,098 |
| Net interest income | $14,395 |
| Provision for loan and lease losses | $735 |
| Total noninterest income | $4,172 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,612 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,560 |
| Total noninterest expense | $12,074 |
| Salaries and employee benefits | $6,517 |
| Premises and equipment expense | $1,216 |
| Additional noninterest expense | $4,341 |
| Pre-tax net operating income | $5,758 |
| Securities gains (losses) | -$132 |
| Applicable income taxes | $1,755 |
| Income before extraordinary items | $3,871 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,871 |
| Net charge-offs | $0 |
| Cash dividends | $3,871 |
| Sale, conversion, retirement of capital stock, net | $137 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.34% |
| Cost of funding earning assets | 0.55% |
| Net interest margin | 3.79% |
| Noninterest income to earning assets | 1.10% |
| Noninterest expense to earning assets | 3.18% |
| Net operating income to assets | 0.89% |
| Return on assets (ROA) | 0.87% |
| Pretax return on assets | 1.26% |
| Return on equity (ROE) | 6.59% |
| Retained earnings to average equity (YTD only) | 6.59% |
| Net charge-offs to loans | 0.06% |
| Credit loss provision to net charge-offs | 536.50% |
| Efficiency ratio | 47.39% |
| Assets per employee | $64,087 |
| Cash dividends to net income (YTD only) | 4.28% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.00% |
| Noncurrent assets plus other real estate owned to assets | 22.65% |
| Noncurrent loans to loans | 2.61% |
| Net loans and leases to deposits | 4.44% |
| Net loans and leases to core deposits | 65.25% |
| Equity capital to assets | 67.50% |
| Core capital (leverage) ratio | 13.44% |
| Tier 1 risk-based capital ratio | 10.98% |
| Total risk-based capital ratio | 12.79% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $445,047 |
| Average equity | $58,720 |
| Average loans | $379,882 |
| 10 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10221 | Watertown Savings Bank | 111 Clinton Street, Watertown, NY 13601 | January 01, 1894 | Full Service Brick and Mortar |  |
| 1 | 236404 | State Street Branch | 1816 State Street, Watertown, NY 13601 | November 04, 1963 | Full Service Brick and Mortar |  |
| 2 | 236405 | Adams Branch | 10729 Us Route 11, Adams, NY 13605 | November 07, 1966 | Full Service Brick and Mortar | |
| 3 | 236406 | Watertown Branch | 101 Commerce Park Dr, Watertown, NY 13601 | December 04, 1989 | Full Service Brick and Mortar | |
| 5 | 236408 | Clinton Street Branch | 140 Clinton Street, Watertown, NY 13601 | September 04, 1996 | Limited Service Facility | |
| 6 | 236409 | Sackets Harbor Branch | 100 West Main Street, Sackets Harbor, NY 13685 | December 14, 1998 | Full Service Brick and Mortar | |
| 7 | 467790 | Chaumont Branch | 12221 Nys Route 12e, Chaumont, NY 13622 | August 01, 2007 | Full Service Brick and Mortar | |
| 9 | 214929 | Alexandria Bay Branch | 4 Market Street, Alexandria Bay, NY 13607 | April 06, 1998 | Full Service Brick and Mortar | |
| 10 | 453561 | Clayton James St Branch | 352 James Street, Clayton, NY 13624 | September 19, 2005 | Full Service Brick and Mortar | |
| 11 | 480762 | Wsb Municipal Bank Branch | 111 Clinton Street, Watertown, NY 13601 | June 30, 2008 | Limited Service Administrative | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.